SAIC, Inc (SAI) clinched a $202-million contract from the National Aeronautics and Space Administration (:NASA) to provide support services to its Texas and New Mexico facilities.
As per the indefinite-delivery/indefinite-quantity (ID/IQ) contract, SAIC will provide safety and mission assurance engineering support services to NASA’s Johnson Space Center in Houston, Texas, and the White Sands Test Facility near Las Cruces, New Mexico. Additionally, SAIC will also provide safety, reliability and risk management services in both the facilities.
Johnson space center primarily works on the development and operation of human space exploration missions and is the main NASA center for the International Space Station. On the other hand, White Sands Test center facilitates safe testing and evaluation of potentially hazardous materials and components..
Under the ID/IQ contract, SAIC will particularly provide programmatic support for the current and future projects performed by the facilities. The deal comes close on the heels of a contract win from the U.S. Space and Naval Warfare Systems Center (:SSC) Atlantic earlier this month. Back-to-back contract wins in most occasions are strong catalysts for any company. Thus, SAIC is also expected to benefit from these continuous contract wins, which are likely to augment the company’s revenues in the near term. SAIC reported annual revenues of $2.71 billion for fiscal year ended May 3, 2013.
Since its inception in 1969, SAIC has utilized its vast domain knowledge to solve critical problems of the country in areas such as national security, energy and the environment, critical infrastructure, and health.
SAIC currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth considering now include Providence Service Corp (PRSC), with Zacks Rank #1 (Strong Buy), Booz Allen Hamilton Holding Corporation (BAH) and MAXIMUS, lnc. (MMS), both carrying a Zacks Rank #2 (Buy).
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